Belarus: Inflation holds stable in April
Inflation came in at 5.6% in April, matching March’s figure. Looking at the details of the release, price pressures for...
Inflation in Serbia
Consumer price inflation in Serbia averaged 3.7% in the ten years to 2022, below the Eastern Europe regional average of 7.7%. The 2022 average figure was 12.0%. For more inflation information, visit our dedicated page.
Serbia Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Serbia from 2014 to 2023.
Source: Statistical Office Serbia.
Serbia Inflation Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 2.0 | 1.8 | 1.6 | 4.1 | 12.0 |
| Inflation (CPI, ann. var. %, eop) | 2.0 | 1.8 | 1.3 | 7.9 | 15.1 |
| Inflation (Core, ann. var. %, aop) | 1.0 | 1.3 | 1.6 | 2.3 | 7.1 |
Inflation falls to over two-year low in March
Inflation eased to 5.0% in March below February’s 5.6%. March's result represented the lowest inflation rate since August 2021. The moderation was broad-based, with reduced price pressures recorded for food and non-alcoholic beverages, transportation, and housing and utilities. Moreover, prices for restaurants and hotels grew at a more subdued pace. Annual average inflation fell to 9.8% in March (February: 10.7%). Meanwhile, core inflation fell to 5.0% in March, from the previous month's 5.2%. Lastly, consumer prices rose 0.26% in March over the previous month, a smaller increase than the 0.56% rise logged in February.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Serbian inflation projections for the next ten years from a panel of 23 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Serbian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Serbian inflation projections.
Want to get access to the full dataset of Serbian inflation forecasts? Send an email to info@focus-economics.com.
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